• Ivory Coast grants two new four-year gold exploration permits to Global Industries Sarl and Rampage Exploration Sarl.
• National gold production reached 58 tonnes in 2024, with a target of 100 tonnes annually by 2030.
• Exploration is recognized as a long-term process requiring sustained investment before commercial production.

Ivory Coast continues to support its booming gold sector by granting two new exploration permits, reinforcing efforts to boost local production and attract foreign investment.

During the Council of Ministers meeting on July 2, the Ivorian government approved two decrees authorizing gold exploration in different regions of the country. This latest decision follows the issuance of three permits in February, underscoring the authorities’ determination to expand gold prospecting nationwide.

The two new permits are valid for four years. The first was awarded to Global Industries Sarl, which will explore in the departments of Abengourou, Akoupé, and Arrah. The second went to Rampage Exploration Sarl, covering the departments of Mankono and Kounahiri.

Ivory Coast’s gold potential is estimated at 600 tonnes, and recent years have seen a significant upward trend in national production. In 2024, output reached 58 tonnes, and the government has set an ambitious goal of producing 100 tonnes annually by 2030. The launch of new mines and the approval of exploration permits are key measures supporting this objective.

However, authorities acknowledge that exploration remains a long-term endeavor requiring patience and sustained investment. Identifying mineralized zones, conducting surveys, and estimating initial resources can take several years before any commercial production can begin.

As of now, neither Global Industries Sarl nor Rampage Exploration Sarl has announced a detailed exploration schedule or provided information on their planned financial commitments.

Aurel Sèdjro Houenou